Annual house price growth edges up to 2.3%, the strongest rate for 18 months
0.3% rise month-on-month, after taking account of seasonal factors
of residential property transactions and mortgages approved for house purchase increased around the turn of the year and surveyors have reported an increase in new buyer enquiries.
Drill down to the city-by-city level - Hometrack Cities Index
“Looking ahead, economic developments will remain the key driver of housing market trends and house prices. Business surveys suggest that activity recovered in the New Year, but there are still significant uncertainties that threaten to exert a drag on the economy in the coming quarters.
“The global economic backdrop remains challenging, with the coronavirus outbreak expected to weigh on global activity in the coming quarters. Investment is likely to remain subdued until the UK’s future global trading relationships become clearer, which is unlikely until early next year."
Content from Nationwide - the full report may be downloaded here